At the 45th AGM of Reliance Industries Limited, Mukesh Ambani made some huge announcements about how they plan to expand in India in various segments apart from telecom and retail.
Among them, manufacturing green hydrogen is an aim that both Reliance and Adani share, so to provide more insights on this, Mukesh Ambani talked about their aim to transition from Grey to Green Hydrogen by 2025.
This is a huge step because as we know soon India is aiming to replace fossil fuels with Hydrogen, Solar and Electric energy, so, Reliance’s aim towards making a better future goes to show that they are not behind in terms of adapting the new forms of energy and also targeting to be a leader in producing so. Here’s what the company commented on this:
Reliance Industries Limited set to double Green Energy investment commitment
- Reliance plans to accelerate its committed ₹75,000 crore investment in a fully integrated New Energy manufacturing ecosystem at Jamnagar as it aims to establish 20 GW of solar energy generation capacity by 2025 for captive needs of round-the-clock (RTC) power and intermittent energy for Green Hydrogen.
- Once proven at scale, RIL is prepared to double the investment to scale up the manufacturing ecosystem. 9.5 Foray in alternate Green Energy options
- Besides Solar and Hydrogen, the company is also actively progressing on bio-energy, offshore wind, geothermal and other non-conventional forms of renewable energy, and will continue to expand its manufacturing ecosystem accordingly.
- Reliance is one of the largest users of agro-waste as a fuel to meet captive energy needs, something the company aims to leverage through the use of newer and emerging technologies and innovation. Reliance inaugurated Phase I of its Bio-Energy Technology (BET) Centre at Jamnagar on August 15, 2022.
